-Livemint.com Painful food inflation has stoked political unrest in many countries before and could do so again In order to understand the political and economic repercussions of Russia’s attack on Ukraine, analysts and economists have been concentrating on the rise of crude oil and natural gas prices, among other things. This isn’t surprising given that Russia is the world’s second largest exporter of oil and the largest exporter of natural gas. But...

-Hindustan Times Russia's invasion of Ukraine raises cattle feed prices, making it impossible for Karnataka farmers to buy. Farmers in North Karnataka say they cannot afford cattle feed prescribed by the Karnataka Co-operative Milk Federation (KMF), with war uncertainty hiking prices further in the last 15 days. Farmers incur losses because their cows produce significantly less milk compared to the landlords who use the feed, thereby not being able to sell as much...

-ThePrint.in Hit by soaring oil import costs and a dip in tourism revenue, Sri Lanka is racing to avert a default amid dwindling forex holdings. Colombo: Russia’s war in Ukraine, which has caused a humanitarian crisis and convulsed global financial markets, is now threatening to crush an $81 billion economy more than 4,000 miles away in the Indian Ocean. Hit by soaring oil import costs and a dip in tourism revenue, Sri Lanka...

-Down to Earth Hong Kong and New Zealand facing huge waves; situation in Hong Kong similar to India delta wave The COVID-19 pandemic is again rearing its head on the opposite sides of Eurasia after a lull, with both, China and Europe reporting a rise in cases, according to media reports. New Zealand too is facing a resurgence in cases. China recorded 5,280 new cases March 16, 2022, which is a more than...

-NetworkIdeas.org Before joining the neo-liberal order, India used to have “rupee payment arrangements” with the Soviet Union and Eastern European socialist countries under which the main international reserve currency, the US dollar, was used neither for settling transactions nor even as the unit of account in terms of which the trade-related transactions were denominated. The dollar in short was used neither as the means of circulation, nor even as the unit...